Xencor Inc (XNCR)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total assets	US$ in thousands	951,945	983,635	826,167	884,255	952,692	778,430	778,121	803,411	846,266	835,269	851,325	857,922	838,211	697,264	695,602	692,737	703,244	646,349	644,720	666,963
Total stockholders’ equity	US$ in thousands	677,611	723,836	564,325	612,526	668,796	669,010	678,876	683,583	727,496	722,698	742,341	763,023	733,504	618,860	646,938	583,612	572,444	568,483	570,645	593,005
Financial leverage ratio		1.40	1.36	1.46	1.44	1.42	1.16	1.15	1.18	1.16	1.16	1.15	1.12	1.14	1.13	1.08	1.19	1.23	1.14	1.13	1.12

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $951,945K ÷ $677,611K
= 1.40

The financial leverage ratio of Xencor Inc has been fluctuating over the past few years. As of December 31, 2024, the ratio stands at 1.40, indicating that the company's level of debt relative to its equity is 1.40 times. This suggests that the company has increased its reliance on debt financing compared to earlier periods.

It is important to note that a higher financial leverage ratio implies higher financial risk for the company, as increased debt levels can lead to higher interest payments and potential financial distress in case of economic downturns. Investors and creditors may closely monitor changes in the financial leverage ratio as it can impact the company's creditworthiness and overall financial health.

Xencor Inc should carefully manage its debt levels to ensure a balance between leveraging opportunities for growth and maintaining a healthy financial position. Regular monitoring and analysis of the financial leverage ratio will be essential for stakeholders to assess the company's financial risk and sustainability over time.